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we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points in the beginning of next year. >> anthony grisante, what do you think? anthony? >> it's very prudent to do that right now. i think you see the volumes on the exchanges. i know in crude oil it's about half of what it usually is. bonds, the same thing. a lot of people are staying on the sidelines. i think you have to be ready for when a deal is done and ready to jump back into the markets. >> here's the thing. i mean, when he says he's in nothing, he's not saying he's going short but anybody who's got a long portfolio and has to sell, it's the equivalent of going short, right? telling people to sell at this point is a
we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points in the beginning of next year. >> anthony grisante,...
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Dec 28, 2012
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i hope they are sitting down and working something out because we should not go over the fiscal cliff. i've been listening to your program all afternoon. i know there are varying opinions as to what would be the impact on stocks, bonds, but there would be so much more uncertainty in this town, and we really don't need it with so many issues ahead. tax reform, for example, immigration issues, climate issues, so many challenges. we should not go over the cliff. >> the farm bill. >> everything. >> the farm bill. >> the farm bill. >> you're talking about milk prices. >> right. >> so much is at stake. >> let me ask you. you know, as you well know, senators corker and alexander came out today, you know, with somebody's got to put something on table so you guys can talk about it and decide to come to an agreement of some kind, and their proposal was $1 trillion raising the debt ceiling. if there could be $1 trillion in spending cuts in the form of raising the age eligibility on medicare and means testing it, in other words, charging more to those wealthier americans who would qualify for med
i hope they are sitting down and working something out because we should not go over the fiscal cliff. i've been listening to your program all afternoon. i know there are varying opinions as to what would be the impact on stocks, bonds, but there would be so much more uncertainty in this town, and we really don't need it with so many issues ahead. tax reform, for example, immigration issues, climate issues, so many challenges. we should not go over the cliff. >> the farm bill. >>...
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Dec 28, 2012
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. >>> in the meantime, it is what everybody is talking about, the fiscal cliff deadline. in just one hour leaders from both sides of the aisle are scheduled for a sitdown and pow wow with president obama. our eamon javers is there. can we expect the best? >> everybody is certainly talking about it but there are not a whole lot of people who know what will happen here. the sliver of hope is the consensus expectation in watching ton is that the president might lay down an offer for a small deal, some type of extension of the bush tax cut for those under 250 or maybe on up to $400,000 if that's where negotiations take him. and then throw in a bunch of other cats and dogs like, for example, an extension of unemployment insurance for those people whose unemployment insurance is going to run out. a couple of other items and call that a deal. that may be where we're headed here, but we simply don't noah head of this meeting, which is now just about 55 minutes away. meanwhile, here in washington at least one republican senator took the opportunity today to say all of this rests a
. >>> in the meantime, it is what everybody is talking about, the fiscal cliff deadline. in just one hour leaders from both sides of the aisle are scheduled for a sitdown and pow wow with president obama. our eamon javers is there. can we expect the best? >> everybody is certainly talking about it but there are not a whole lot of people who know what will happen here. the sliver of hope is the consensus expectation in watching ton is that the president might lay down an offer for...
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Dec 28, 2012
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. >> if you are wondering what a trip down the fiscal cliff might mean for your paycheck, for your 401(k), look no further than yesterday's dow. at the opening bell, a dive of more than 1%. investors finding little hope for the fiscal cliff compromise on capitol hill. when word came down two sides might be meeting. reversal of fortune. the dow rebounding for a while before finishing slightly lower. >>> a nation this morning remembering the american general credited with orchestrating one of the most lopsided military victories in military history. general norman schwarzkopf died yesterday in florida. he was 78 years old. and remembered by many from briefings like this one here, a media savvy general taking the lead in the first gulf war. the white house saying this about the general last night. our prayers are with the schwarzkopf family who tonight can know his legacy will endure in a nation that is more secure because of his patriotic service. senator john mccain on twitter calling the general one of the great american heroes. we thank him for his service. stormin norman, as he was c
. >> if you are wondering what a trip down the fiscal cliff might mean for your paycheck, for your 401(k), look no further than yesterday's dow. at the opening bell, a dive of more than 1%. investors finding little hope for the fiscal cliff compromise on capitol hill. when word came down two sides might be meeting. reversal of fortune. the dow rebounding for a while before finishing slightly lower. >>> a nation this morning remembering the american general credited with...
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Dec 28, 2012
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cliff. that's where senate majority leader harry reid says we're headed. can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett. "outfront" tonight, a stark warning from capitol hill. senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to retur
cliff. that's where senate majority leader harry reid says we're headed. can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett....
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Dec 28, 2012
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fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> you and i are both kind of laughing about that one. so the stumbling block, of course, over raising taxes on the wealthiest americans, do we think that the president essentially is going to stick with that position, that that is not a bargaining chip, that that position is not going to move on the president's part? >> reporter: absolutely. that's nonnegotiable from the white house's perspective. and you know, i should point out, suzanne, i'm laughing about the situation, and you do, too, because we've seen it repeated because this gridlock in washington, you know, sort of elicits a nati
fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> you and i are both kind of laughing about that one. so the stumbling...
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Dec 28, 2012
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eastern in hopes of making progress on the fiscal cliff talks. in addition the house will be back in session on sunday. we've got more on all of this in a moment. while lawmakers have been preoccupied with the fiscal cliff, they've not dealt with passing a new farm bill. "the washington post" now reporting that unless one is passed by january 1st, the formula for establishing minimum milk prices would revert to the one that was in place back in 1949. the paper says that could boost milk prices more than $3 a gallon. we're going to get another read on the housing market recovery this morning. the national association of realtors is out with its pending home sales report for november. that's coming at 10:00 a.m. eastern time. looking for an increase of 1.5%. that follows a 5.2% rise in october. pending home sales, of course, a measure of home sales on home sale contracts signed but not yet out. >> a big deal. the milk. >> the milk thing could be huge. you think it would be $6? >> yeah, it could go up $3, to six bucks. two trading days left before w
eastern in hopes of making progress on the fiscal cliff talks. in addition the house will be back in session on sunday. we've got more on all of this in a moment. while lawmakers have been preoccupied with the fiscal cliff, they've not dealt with passing a new farm bill. "the washington post" now reporting that unless one is passed by january 1st, the formula for establishing minimum milk prices would revert to the one that was in place back in 1949. the paper says that could boost...